#TrumpTaxCuts
Donald Trump's proposal to eliminate federal income taxes suggests compensating for lost revenue by increasing tariffs on imports. This idea is not new; Trump has discussed it during his campaigns and interviews, including with Joe Rogan. The plan aims to shift the tax burden from income to tariffs, which could disproportionately affect low- and middle-income earners. Experts question the feasibility of this proposal, citing significant revenue loss and potential negative economic impacts. To make up for the lost revenue, tariffs would need to be significantly increased, which could lead to retaliatory measures from other countries and harm American industries.
